Analysis: There are almost no single transactions of more than 500,000 US dollars on the ZORA chain recently, which is suspected to be a fund operation in CEX

07-27

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On July 27, according to chain analyst Ai Yi (@ai_9684 xtpa) on X platform, ZORA has risen by 931% in one month, seemingly creating an independent altcoin trend, but on-chain data shows no single transaction record over $500,000, suggesting funds are being manipulated in CEX.

Coinbase, the TOP 1 spot trading platform for ZORA, has a 24-hour trading volume of $82.6 million, while Binance, the TOP 1 contract trading platform, has a 24-hour trading volume of $1.354 billion, which is 16.4 times the spot trading volume; ZORA's circulation ratio is 35%, and tokens for investors/treasury/team will start to be released from October this year, with GSR Markets as the market maker.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

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